XAU/USD & XAG/USD - Gold & Silver Traders Thread | Page 1959 | Metals Mine

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XAU/USD & XAG/USD - Gold & Silver Traders Thread

  • #39,161
  • Jan 20, 2017 1:29pm Jan 20, 2017 1:29pm
Will try a short @ 1211. Expecting som resistance around 1212. Time will show.

Price is now around 61.8% of last top on H4.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #39,162
  • Jan 20, 2017 1:49pm Jan 20, 2017 1:49pm
Quoting wafiq
{quote} if you want my opinion,wait till see 22sma mid over 50 sma mid with price over the averages on 5 minutes chart (50 sma rising) will not cost you much but might save you a lot
Thanks for feedback. Will check out that ma setup I mainly use ma200/100/50 on H4/H1 for keeping track of short term direction and reversals.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #39,163
  • Jan 20, 2017 1:50pm Jan 20, 2017 1:50pm
Quoting pipsy7
{quote} ----------------------------------------- banked 4 entries @1207 - - - TP2 @1212 , TP3 will post L8R in Advance --------------------- trump = {image} {image}
----------------------------------------------------------------------
banked remaining 3 entries @TP2 1212 = like B flat on d wkEnd , made ENUFF $$$ anyways

Have a GR8 wkEnd every1
da n0o0b + $hit_Disturber
  • #39,164
  • Jan 20, 2017 4:55pm Jan 20, 2017 4:55pm
Why there's so much expectation that gold going down while it shows that is going up? Can anyone explain what's going on?
  • #39,165
  • Jan 21, 2017 3:05am Jan 21, 2017 3:05am
Well, looking at the daily it could be making a leg down soon. Stochastic overbought, RSI recently above 70. On D1 gold may even be in a down channel with price now at the top of the channel.

Im currently watching to see if its going to make a lower high on H4 around 1210 (61.8% fib). But then, Im just an intraday trader and don't care so much about trends but rather use ma's for indication of short term direction.
Charts: XAUUSD/UJ/EU. Tools: stoch/daily pivots/fibo/channels. Scalper.
  • #39,166
  • Jan 21, 2017 4:49am Jan 21, 2017 4:49am
by end of next month I think its the channel that will break rather than the now year open
this move is the retrace of the last we could see that high again


Quoting Bones
ok silver has gone much lower than I thought ,still as we get lower the probability goes to bulls ,this zone is important on the 6 month chart not one such candle failed outright the low (year open ) is super strong ,but having said that so the high now i notice bit of a pattern w1 {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Silver (DFB).png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #39,167
  • Edited 8:33am Jan 21, 2017 8:05am | Edited 8:33am
Quoting IPMan
Why there's so much expectation that gold going down while it shows that is going up? Can anyone explain what's going on?
Because in trading - what the majority think is obvious ... is often obviously wrong.
  • #39,168
  • Jan 21, 2017 8:24am Jan 21, 2017 8:24am
yea gold is in a uptrend
last year I read tweezer inverted hammer ,
its going to hit that upper tl at least
bears have never fully taken hold yet after the initial
The only thing that would change my mind is to see that low fail ,
but im warmed by open that could hold all year
bears should worry the appearance of a positive year

Quoting IPMan
Why there's so much expectation that gold going down while it shows that is going up? Can anyone explain what's going on?
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (DFB).png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #39,169
  • Edited 10:06am Jan 21, 2017 8:42am | Edited 10:06am
see how usd close ,
index against the majors even ,I think its gotta go to tl at this point
usdx is driven by EU
fundamentally maybe the eu is bearish with risky elections looming
UK exit and Trumps negative EU comments

17 jan 2017
Trump just signalled the death of Clinton-era strong dollar policy
Trump said the dollar was already "too strong," and he pointed a finger at the Chinese currency. "Our companies can't compete with them now because our currency is too strong. And it's killing us," he told the newspaper.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: w1 US Dollar Basket (DFB).png Size: 37 KB
Click to Enlarge Name: year US Dollar Basket (DFB).png Size: 19 KB
Click to Enlarge Name: eu USD (DFB).png Size: 26 KB
Click to Enlarge Name: usd Screenshot 2017-01-21_15-59-46.png Size: 102 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #39,170
  • Edited 12:14pm Jan 21, 2017 9:36am | Edited 12:14pm
Quoting IPMan
Why there's so much expectation that gold going down while it shows that is going up? Can anyone explain what's going on?
-----------------------------------
I know that this site ist Mostly sponsered by Dealers aka brokers = so they can kick me out --- I dont care !
k back to ur Q'n - - - most Retailers[traders] + many Institutions[hedgefunds ect2] usin Obsolete laggin indis
+ EA's , EW , harmonic, ghann ,planet and what hav u - Xcactly what d dealers wants u to use - Institutions can sit their Trade_mistakes out ,
havin DEEP pockets - OPM = Other People Money !
But 4sure u all know this right , try to find a syst. with No bell+whistles [no candlesticks etc2] just pure PA da Best[what u C on charts] IMHO .
BTW my mother_tongue is Dutch
da n0o0b + $hit_Disturber
  • #39,171
  • Jan 21, 2017 10:08am Jan 21, 2017 10:08am
Oh how I miss the smiley emoticon with the "looney tunes face" and spinning eyeballs. Guess I wore it out from too much use.

Note to Twee new ones are bland.
  • #39,172
  • Jan 21, 2017 10:13am Jan 21, 2017 10:13am
I think they removed it because there were so many negative naysayers im not sure
apparently the more someone used that one the more negative they are ....

Quoting SunTrader
Oh how I miss the smiley emoticon with the "looney tunes face" and spinning eyeballs. Guess I wore it out from too much use. Note to Twee new ones are bland.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #39,173
  • Edited 11:20am Jan 21, 2017 11:05am | Edited 11:20am
I mean after breaking the downtrend line last year after significant divergence youd be crazy to think it could want to go higher than the last high
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Silver (DFB).png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #39,174
  • Jan 21, 2017 11:28am Jan 21, 2017 11:28am
Quoting Bones
I mean after breaking the downtrend line last year after significant divergence youd be crazy to think it could want to go higher than the last high {image}
Hey Bones,

You should have longer term tl as well? I leave to you, you are better at tl.
Attached Image (click to enlarge)
Click to Enlarge Name: XAGUSDMonthly121.jpg Size: 326 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #39,175
  • Jan 21, 2017 11:32am Jan 21, 2017 11:32am
well it is in a downtrend as you say ,
got it
now where's the loony face icon thing


Quoting SunTrader
There are all kinds of ways of looking at a chart. I'd say be careful ... going long: {image}
Attached Image (click to enlarge)
Click to Enlarge Name: h4 Spot Gold (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #39,176
  • Jan 21, 2017 11:50am Jan 21, 2017 11:50am
thanks Scott yea gotta see that channel break ,how the monthly close
tbh I dont trade metals only chart for guide

Quoting Mr. Scott
{quote} Hey Bones, You should have longer term tl as well? I leave to you, you are better at tl. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #39,177
  • Jan 21, 2017 11:53am Jan 21, 2017 11:53am
Quoting Bones
I think they removed it because there were so many negative naysayers im not sure apparently the more someone used that one the more negative they are .... {quote}
Are you so sure I was referring to you. Paranoid much!
  • #39,178
  • Jan 21, 2017 1:57pm Jan 21, 2017 1:57pm
yes I am
it's what you do no quote negative after I post,
all I'm doing is presenting an idea if its that bad quote me

Quoting SunTrader
{quote} Are you so sure I was referring to you. Paranoid much!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #39,179
  • Edited 5:19pm Jan 21, 2017 4:10pm | Edited 5:19pm
sorry scott yea I do have a tl maybe it could be argued its weak
the break is clear of the immediate down
what that last 6 month did
the open this 6 month off a previous swing




Quoting Mr. Scott
{quote} Hey Bones, You should have longer term tl as well? I leave to you, you are better at tl. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Silver (DFB).png Size: 46 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #39,180
  • Jan 21, 2017 4:55pm Jan 21, 2017 4:55pm
I wanna sell the 1212. GOLD however I see more upside movement coming. Maybe I should be on the sideline.
picture isn't clear. but the 1212.00 looks good for a sell on my end
Attached Image (click to enlarge)
Click to Enlarge Name: gold2.PNG Size: 59 KB
Frank Fadi
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